Karachi, March 11, 2021: Mian Nasser Hyatt Maggo, President of the Federation of Pakistan Chambers of Commerce and Industry said that due to COVID-19 commercial activities are down causing overstay of consignments and subsequently facing surcharge on clearance. During the meeting of the FPCCI Advisory Council on Budget various issues were discussed including period of limitation…
Karachi, October 02, 2020: Market saw continuation of selling pressure for a host of reasons from political uncertainty to spread of Corona cases (with the latest affectee being President Trump himself). The index lost a total of 771 points during the session and closed the session -606 points. International crude oil prices dropped significantly, especially…
Karachi, September 30, 2020: Early recovery was witnessed at the local bourse where the market moved to intraday high of +234 point then after the news regarding increased COVID cases and lockdown shattered overall sentiment market intraday low of -709 points to close at 40,571 level (down -633 points). Traded volume stood at 474 million…
Karachi, September 28, 2020: Last week’s rollover session had its trickle down impact on today’s trading session as well, primarily due to low settlement ratios. On top of it, political uncertainty caused by arrest of Opposition leader also caused ripples that resulted in index losing 1056 points during the session. The index closed -900 points….
Karachi, September 16, 2020: The PSX benchmark index blew both hot and cold today, making an intra-day high of +198 points and stopping to a low of -254 points, to finally close at 42,282 levels (-64 points). Volumes decreased by 26 percent DoD to 490 million shares, compared to 663 million shares in the previous…